Empire Petroleum Q3 2022: Revenue $14.8M, net income $0.2M, adjusted EPS $0.16

EMPIRE PETROLEUM CORP

2022-Q3 EPS reported $0.41 revenue$44,378,718

Sales volumes 2,232 Boe/d (60% oil), up 3% from Q2 2022.
Net income $0.2M ($0.01 diluted EPS); Adjusted Net Income $3.7M ($0.16 diluted EPS).
Adjusted EBITDA $4.8M ($23.36/Boe); cash rose 27% to $15.7M; debt reduced to $7.8M.
Progress on Starbuck Field Enhancement Program; first three phases expected by end of 2022.
Spudded 4 new non-operated Bakken wells with completion expected in Q4 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMPIRE PETROLEUM CORP reported third quarter of 2022 results: revenue $14.8 million, net income $0.2 million, EPS $0.01 per diluted share.

Period: third quarter of 2022
Revenue: $14.8 million
Net income: $0.2 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Recorded revenue of $14.8 million that resulted in net income of $0.2 million, or $0.01 per diluted share

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

EMPIRE PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001072613-22-000631

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